Ondo Finance has launched a tokenized version of BitGo's stock on the same day the crypto custodian made its debut on the New York Stock Exchange. This move allows for on-chain exposure to the newly public U.S. stock, available across multiple blockchains and accessible to eligible non-U.S. users.
Key Takeaways
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Ondo Finance launched tokenized BitGo stock (BTGOon) on its IPO day.
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The tokenized asset is available on Ethereum, Solana, and BNB Chain.
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This initiative provides immediate on-chain access to a newly listed U.S. equity.
BitGo's Public Debut and Tokenization
BitGo, a prominent digital asset custody and security firm, began trading on the NYSE under the ticker BTGO on January 22, 2026. The company priced its Initial Public Offering (IPO) at $18 per share, with the stock experiencing a significant surge on its first day, climbing as much as 35% and reaching a fully diluted valuation of over $2.08 billion. This strong performance highlights investor interest in crypto infrastructure companies.
Simultaneously, Ondo Finance introduced BTGOon, a tokenized representation of BitGo's stock. This token provides economic exposure to the underlying shares and is accessible through Ondo Global Markets. The tokenization occurred on the same day as the IPO, significantly shortening the gap between traditional equity markets and blockchain-based access.
Expanding On-Chain Equities
The tokenized BitGo stock is available on Ethereum, Solana, and BNB Chain, enabling eligible international users to trade exposure to the shares five days a week using blockchain technology. This multi-chain approach enhances accessibility and leverages the unique advantages of each network, with Solana offering high-speed transactions and BNB Chain expanding reach within its ecosystem.
Ondo Global Markets has been steadily expanding its platform, which now lists hundreds of tokenized stocks and ETFs. Since its launch in September 2025, the platform has facilitated over $6.4 billion in cumulative trading volume and holds approximately $466 million in total value locked, making it the largest tokenized securities platform by TVL.
Bridging Traditional and Digital Finance
This launch represents a significant step in the evolution of digital securities, offering advantages such as near-instant settlement, 24/7 trading availability, and borderless accessibility compared to traditional stock trading. Ondo Finance ensures regulatory compliance through KYC/AML integration, automated reporting, and secure custody solutions, maintaining equivalent economic rights and corporate benefits for token holders as traditional shareholders.
The move signals a growing trend of tokenizing traditional assets, with potential implications for increased liquidity, broader investor bases, and accelerated institutional adoption of blockchain technology. It underscores the dissolving barrier between traditional finance and cryptocurrency, positioning Ondo Finance at the forefront of this convergence.
Sources
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Ondo Finance launches tokenized version of BitGo stock, crypto.news.
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Ondo Finance’s Groundbreaking BitGo Launch Transforms Traditional Finance |
Bitget News, Bitget. -
BitGo stock jumps on NYSE debut as Ondo brings the stock onchain, Crypto Briefing.
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BitGo Shares Jump As Firm Debuts On NYSE, The Crypto Times.
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